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Thursday, November 6, 2008

Rate Watch 11/6/08: Floating

Bond prices are down slightly this morning (Bond prices down, Yield UP, Mortgage rates UP), with the release of positive economic news ahead of tomorrows job report. The jobs report tomorrow is expected to be dismal and since we are still currently above 2 of the 3 levels of support, I am recommending floating into tomorrows job report. If things change, I will alert you.